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APICS Certified in Planning and Inventory Management(Part 2) Sample Questions:
1. The most relevant measure of customer service performance is:
A) customer complaints received as a percentage of orders shipped.
B) service perceived by the customer against service expected by the customer.
C) positive customer feedback as a percentage of customer feedback.
D) service promised to the customer against service measured by the supplier.
2. A statistical safety stock calculation would be appropriate for:
A) end items with stable demand.
B) components used in multiple end items.
C) supply-constrained raw materials.
D) new products at time of introduction.
3. An analysis was done on a group of parts that showed a missed delivery resulting in lost sales on other product lines manytimes greater than the value of the initial lost sale. As a result, the company launched an initiative to increase the fill rate onthese parts to 100%. Currently, they have raised the fill rate to 99%. As they continue the initiative, what effects are mostlikely expected?
A) Operating costs will increase faster than service level.
B) Neither operating costs nor service level will increase.
C) Operating costs and service level will both increase at the same rate.
D) Operating costs will increase slower than service level,
4. Which of the following inventory management techniques is most responsive to changes in demand levels?
A) Periodic review system
B) Cycle counting
C) ABC classification
D) Two-bin system
5. Which of the following types of operational strategies typically would result in the lowest inventory cost?
A) Hybrid
B) Chase
C) Level
D) Mixed-model
Solutions:
Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |